Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: QFEX against Polymarket Perps−0.272%7-day average +0.524% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$2,585as in the Price arb table
costs, in and out, $10k−$2,50525.051% of the position
Funding, last 4 days (all we have)−0.259%−$26 on $10k
+Price spread, last 6 days (all we have)+0.389%+$39 · spread now −0.272%, 7d avg +0.524%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.796% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of +0.524%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NCLD-USD | 25.008 | 0.0050 | pay 0.0006% / 1h | 21m 24s | $19K | $182K | 10x |
| Short | QFEX NCLD-USD | 24.940 | 0 | get 0.0000% / 1h | 21m 24s | $1.1M | $501K | 10x |
Polymarket Perps NCLD-USD
QFEX NCLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: −0.272% → +0.524%
- −$79.6
- Slippage, 4 orders
- −$2,487.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$2,595.21
- Costs to cover
- 25.051%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 35 min ago; QFEX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 35 min ago | 25.00 bp | 980.9 bp −$981 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 252.51 bp | 269.5 bp −$269 | 277.5 bp −$2,775 | doesn't fit | doesn't fit |
NCLD on 4 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NCLDUSDT | 0.0000% | 8h | 25.040 | +0.128% | $170K | $80K | 25x | as long as short |
| QFEX NCLD-USDshort | 0.0000% | 1h | 24.940 | −0.272% | $1.1M | $501K | 10x | |
| Polymarket Perps NCLD-USDlong | +0.0050% | 1h | 25.008 | long leg | $19K | $182K | 10x | |
| tradeXYZ xyz:NCLD | +0.0915% | 1h | 25.010 | +0.008% | $243K | $248K | 10x | as long as short |
Bybit NCLDUSDT
tradeXYZ xyz:NCLD